All is well when GDP growth is high and inflation is low. Graphic: Naveen Kumar Saini/MintAll is well when economic growth is high and inflation is low. The Goldilocks economy, with higher growth and lower inflation, is back both in India and globally, a welcome change from the recent inflation scare. Capital goods held on to the impressive 14% growth, and the driver of consumer goods growth was durables. Fixing bank balance sheets and its own books is what the government must do if it wants Goldilocks to stay.
Source: Mint March 13, 2018 02:03 UTC